Last year was a record year at Cofunds, as net investment sales increased by almost a fifth compared to sales figures for 2008.
The independent investment platform has revealed increases in both assets under administration and net sales figures.
At the end of last year, Cofunds saw its assets under administration total £22.7billion – an increase of more than 55 per cent over the year, while net sales totalled £4.7billion – representing a 19 per cent rise.
September in particular, proved a successful month for the independent investment platform as its assets under administration surpassed the £20billion mark, while net sales also peaked, with inflows of £749million.
Commenting, Brett Williams, chief executive officer at Cofunds said: "The success seen in 2009 for Cofunds demonstrates the loyalty and support we received from advisers and is testament to the ongoing dedication of our staff."
Mr Williams believes 2009 was an important year for Cofunds: "It saw us complete a thorough strategic review and having made changes to my management team I now know we are well positioned with the right team and a clear focus to secure our position as the leading financial planning platform in the market," he said.
© Fair Investment Company Ltd